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Real Estate News
Coronis Bayside recruits veteran auctioneer to spearhead growth
Coronis has announced the addition of real estate veteran John Smith to the team to spearhead growth in their Bayside office as the new principal. Formerly the Director of Sales at Queensland Sotheby’s, Mr Smith was instrumental in growing their sales team, implementing their training program and listing many multi-million-dollar properties within Brisbane. Commenting on his new position, Mr Smith…
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Real Estate News
Coronis welcome back two top performers
The Coronis Group is welcoming back two of its former agents with the return of Lincoln Tatnall and Brian Baker. Mr Tatnall has commenced at Coronis Arana Hills while Mr Baker has returned to Coronis Toowoomba after nearly two years away. Coronis Sales Area Leader Adam Empringham said he was delighted to welcome both men back to the Coronis family.…
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Real Estate News
John McManus moves back to McGrath
McGrath has announced the acquisition of the business and assets, including rent roll, of a real estate business owned and managed by principal John McManus in Sydney’s Lower North Shore. The move is part of the company’s corporate strategy to maintain their presence in the lower north shore. Commenting on the purchase, McGrath CEO Geoff Lucas said the company was…
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Real Estate News
Office space demand – through the roof in the ACT
Demand for office space in the ACT was 109 per cent higher in the first quarter of 2019 compared to the same period last year, according to Colliers International’s latest Office Demand Index. “Nationally, the strongest growth in demand was for office space ranging from 1,000 to 2,999sqm an the ACT definitely was not immune to this trend, recording a…
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Real Estate News
WeWork and REA Group join forces to help more people work, their way
REA Group has announced a partnership with global shared workspace company, WeWork, to bring flexible, collaborative workspaces to Australians. The relationship will see WeWork’s Australian listings advertised across REA Group owned and operated commercial property sites, Spacely and realcommercial.com.au. Spacely will showcase all of WeWork’s 16 open Australian locations, including 120 Spencer St, Melbourne, and 50 Miller St North, Sydney.…
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Real Estate News
New office for RE/MAX on the Gold Coast
Danny Woolbank is forging a new path with global real estate network RE/MAX to launch his own agency on the Gold Coast. RE/MAX Property Centre opens at Broadbeach Waters in May. Mr Woolbank has lived on the Gold Coast since 1985 and is well-known to many through his family business, the Southport Squash Centre, and his professional squash career. A…
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Elite Agent
Professionals Chairman sells last office to focus solely on growing network
Professionals Real Estate Group Chairman Carl Petersen has sold his last real estate agency, which he has co-owned for 19 years, in order to focus on guiding the growing Professionals network. Mr Petersen, who has been an active member of Professionals since 1983, has sold the rent roll of his Coolangatta-Tweed agency and retired from selling and managing properties. Mr…
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Real Estate News
LJ Hooker to increase regional focus with dedicated rural brand
LJ Hooker has announced its expansion into the specialist rural real estate market as it moves to service growing demand in regional areas. The division will be led by Ian Simpson, who has specialised in real estate and water sales for the past 15 years. L Janusz Hooker, Chairman of LJ Hooker, said now was the right time for the…
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Real Estate News
REA Group announces strategic partnership with 58 Group in China
REA Group have announced a strategic partnership between their online platform Myfun and one of China’s leading online real estate listing platforms under 58 Group, Anjuke. The partnership will allow Myfun to further expand its footprint in mainland China, while enabling Anjuke to provide international properties to Chinese users. As part of the partnership, Myfun will syndicate Australian residential properties,…
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Real Estate News
ATO to double the number of audits for rental deductions
Rental property owners are being urged to make sure their claims are correct, as the Australian Taxation Office (ATO) announces it will double the number of audits scrutinising rental deductions. In the 2017–18 financial year, more than 2.2 million Australians claimed over $47 billion in deductions. Assistant Commissioner Gavin Siebert said this year the ATO have made rental deductions a…
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Real Estate News
RE/MAX holds its first Project Marketing Forum
RE/MAX Australia held its first Project Marketing Forum recently, with the aim of demystifying the project sector for real estate agents. Twenty-five agents from across Brisbane attended the Forum, with interests ranging from five-townhouse developments to large multi-level complexes and land subdivisions. The key speaker at the forum was John Lunney, Development Director at De Martini Fletcher, who was supported…
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Real Estate News
Ray White QLD CEO recognises offices for Townsville flood response
Ray White Queensland CEO Tony Warland has congratulated multiple Ray White agencies around the North Queensland region for their work in the wake of the recent Townsville floods. Mr Warland said he was incredibly proud of the work put in by business owners, agents and property managers alike, and praised the resilience of the Townsville people. “People in and around…
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Real Estate News
Professionals add some blue chip corporate experience to their marketing team
Professionals continues to build its internal team with the recent appointment of Alex Whitfield as Head of Marketing. Mr Whitfield has worked in strategic marketing and business development for over a decade and specialises in brand activation, lead generation and customer experience design. In the past, Mr Whitfield held the position of Marketing and Business Development Manager with the Australia-Israel Chamber…
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Real Estate News
REA Group appoints new CFO
REA Group have welcomed Janelle Hopkins to the team as their new Chief Financial Officer. Ms Hopkins previously held the position of Group Chief Financial Officer at Australia Post and will begin her new role on 3 June. Ms Hopkins will be replacing Owen Wilson who stepped into the role of CEO with REA Group in January. Speaking to The…
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Real Estate News
Quantity Surveyor data challenges validity of Labor’s negative gearing assumptions
New data released by MCG Quantity Surveyors is claiming the Labor Party relied on incorrect assumptions in formulating its negative gearing policy. According to the data, Labor’s assertions on the percentage of investors buying new homes were grossly understated and call into question the party’s revenue projections. “Shadow treasurer Chris Bowen has suggested new-buy investors comprised anywhere between four and…
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Real Estate News
New research suggests too many bidders at auction is demotivating
People bid less in auctions that have more bidders, new research suggests. Economists from the University of Sydney and the University of Technology Sydney (UTS) have released the results of a new study suggesting that the more bidders there are in an auction, the less each bidder thinks they have a chance of winning. Published in the latest issue of…
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Real Estate News
Ray White is warning WA owners and property managers of potential ticking time bombs
Ray White Rural Albany is encouraging property managers and clients to inspect flexible hoses following reports of flooding in homes in Western Australia’s port city of Albany due to issues with flexible hoses. The most urgent cases include flexible hoses under bathroom and kitchen and kitchen sinks. “We’re checking all our properties now during inspections, as well as creating jobs…
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Elite Agent TV
Strong demand and low unemployment provide a positive property outlook
The latest property outlook from realestate.com.au indicates that the current market downturn is ‘far from the worst we’ve experienced’. Some uncertainty for buyers and sellers will continue in the lead up to the Federal Election whereby a Liberal win should see stability for the market, but a change in government would continue to see values fall along with above market…
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Real Estate News
LJ Hooker Avnu launches digital platform
LJ Hooker Avnu has launched a new platform aimed at making the buying and selling process smarter and more transparent. The platform provides vendors and landlords with real time data about web traffic, buyer feedback and comparative listings and sales and agent activities related to the sale of their property. According to L Janusz Hooker, Chairman of LJ Hooker, the…
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Brand Editorial
Ray White study shows principals earn more than the benchmark
LEADERSHIP and dogged determination are what the company say underpins a new Ray White achievement. According to a recent study principals earned 76 per cent more than their Australian industry peers in 2018. Ray White reviewed the 2018 financial year results for 269 of its own Australian businesses and then compared it The Australian Benchmark Report (Real Estate Agents 2018),…
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Real Estate News
Realmark Agent takes on WA’s QV1 Building to raise funds for charity
Realmark North Coastal agent, Ian Masterson has his sights set on the community as he prepares to abseil down WA’s highest single pitch building the QV1 to raise funds for the Cancer Council. Mr Masterson explained this undertaking had personal significance for him saying this year his focus is on giving back to causes and charitable organisations that are close…
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Real Estate News
Mosman trophy home hits the market with Ray White Lower North Shore
Mosman’s first trophy home listing for 2019 has hit the market with a bang, with industry figures hoping the high calibre home will bring new buyers to the market. The high end property at 28 Ruby St, Mosman was designed by architect Susan Rothwell and is being marketed locally and internationally with a price guide of $23m to $25m. Listing agents…
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Real Estate News
Residential appeal of Canberra extends to commercial market
The demand on Canberra’s office stocks continues to rise as the city’s attractions entice people and businesses to locate in the national capital. “Over the past few years, Canberra has topped a number of liveable city polls, including being named the best place in the world to live by the Organisation for Economic Co-operation and Development in 2014,” Colliers International…
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Real Estate News
Ray White Castle Hill welcomes local high performer to the team
Ray White Castle Hill has welcomed Sales Executive, Sara Perry, to the team. A local, born and bred in the Hills district, Ms Perry has been in the industry for over 13 years and started her career in reception at Ray White Parramatta. “I had a brief stint in sales before moving over to property management, and one day several…
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Real Estate News
REIA launches Federal Election campaign
The Real Estate Institute of Australia (REIA) has launched a campaign to give the property sector a voice during this years Federal Election. In a statement REIA President, Adrian Kelly, said he aims to ensure issues relating to the taxation of property are an integral part of the campaign and all politicians are educated about the consequences of the Labour’s…
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Real Estate News
Entries now open for REINSW Awards For Excellence
Entries for the annual Awards For Excellence, hosted by the Real Estate Institute of NSW (REINSW), are now open. Now in its 22nd year, the awards recognise top performing real estate professionals and agencies in NSW. The program awards agencies and individuals across 21 categories, judged by a panel picked from members of the REI’s offices in any of the…
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Real Estate News
CoreLogic launches a new home loan analytics portfolio, merging portfolio and property data
CoreLogic has launched a new home loan analytics portfolio, merging portfolio and property data to assist lenders operating in changing market conditions. According to CoreLogic Executive Head of Data, Analytics and Solutions, Tracey Ah Hee, this analysis solution will help lenders to identify portfolio blind spots. “We match a lender’s existing portfolio data to property-specific data to provide a customer-level…
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Real Estate News
Ray White New Zealand launch ‘A Name to Trust’ ad campaign
Ray White New Zealand have launched a new ad campaign called ‘A Name to Trust’, highlighting the company’s emphasis on better serving its customers. New Zealand rugby coach Steve Hansen features as a brand ambassador for the campaign, while a companion video showcases the ways in which Ray White agents are encouraged to go the extra mile. Mr Hansen has…
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Real Estate News
Former Avnu exec takes new road with Domain
Domain has ushered a in a new era, with the appointment of Jason Chuck as the Group’s new Chief Customer Officer. Chuck previously held positions as the Head of Marketing at Google and CEO of LJ Hooker Avnu, a role he told Mumbrella he found hard to leave behind. “I decided to take up this new role at Domain, as…
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Real Estate News
Bendigo Bank reduces their owner-occupied home loan variable interest rates
Bendigo Bank has announced it is decreasing its Bendigo Express Home Loan and Basic Home Loan variable interest rates. Bendigo Bank Executive, Consumer Banking, Richard Fennell said the changes introduced will enhance customer experience by providing greater choice. “Some of our customers, particularly first home buyers, may prefer the assisted home loan journey and market-leading service excellence of our Bendigo…
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Real Estate News
Household lending rises in February: ABS
New figures released by the latest Australian Bureau of Statistics (ABS) have revealed the value of new lending commitments to households rose 2.6 per cent in February 2019. The February rise followed on from a fall of 2.3 in January. According to ABS Chief Economist, Bruce Hockman, despite the activity, the longer term story is largely unchanged with new lending…
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Real Estate News
The Agency Sydney welcomes Gavin Lewis
Gavin Lewis has become the newest team member at The Agency after becoming a lead agent with the firm. Mr Lewis has served in the industry for just over a decade and previously held a position as a senior sales associate under Alexander Phillips. Mr Lewis expressed excitement at this new career direction while outlining his main objective. “Working 24/7…
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Real Estate News
Rent yields across Australia rise over the first quarter of 2019: CoreLogic
The first CoreLogic Quarterly Rental Review for 2019 has been released, with results showing a national increase in yields over the past three and 12 months. According to CoreLogic Research Analyst Cameron Kusher, gross rental yields for the first quarter are at 4.10 per cent compared to 3.95 per cent in the previous quarter and 3.77 per cent a year…
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Real Estate News
Queensland Sotheby’s International Realty welcomes Hope Island team
Queensland Sotheby’s International Realty has strengthened its presence on the Gold Coast with the recruitment of Hope Island real estate specialist Suni Surti. Mr Surti and his team relocated from the UK in 2006 and, according to Queensland Sotheby’s International Realty CEO, Paul Arthur, their addition supports the company’s continued commitment to the northern Gold Coast region. “They’re an experienced…
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Real Estate News
PRDnationwide celebrate stand out achievers in their network
PRDnationwide have recognised the top performers and leaders in the network with their annual gala dinner. The gala dinner was held at the conclusion of a two-day program of forum and conference events, with the winners being acknowledged in front of more than 260 of their industry peers. PRDnationwide Chairman & Managing Director Tony Brasier praised the event, commenting that the…
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